Increasing demand for electricity generated from renewable sources is projected to fuel the growth of the global solar encapsulation market at a CAGR of 14.6% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global solar encapsulation Market”.

The Solar encapsulation market is estimated to register a CAGR of 14.6% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Solar encapsulation market— 3M (U.S.), Dow Inc. (U.S.), DuPont (U.S.), Arkema (France), Specialized Technology Resources (U.S), RenewSys (India), Solutia (U.S.), Mitsui Chemicals (Japan), Hangzhou First Applied Material (China), Borealis (Netherland), Kuraray (Austria), Hanwha (Japan), Targray (South Korea), and dnpSolar (Canada).

Market Highlights

The global solar encapsulation market is accounted for to register a CAGR of 14.6% during the forecast period and is estimated to reach USD 6,451.7 million by 2030.

Growing awareness of environmental issues, such as climate change and air pollution, has led to a global shift towards cleaner and more sustainable energy sources. Solar energy is considered one of the most environmentally friendly options, as it produces minimal greenhouse gas emissions during operation. Many governments around the world have implemented supportive policies and incentives to encourage the adoption of solar energy. These policies can include feed-in tariffs, tax credits, subsidies, and renewable energy targets, which create a favorable environment for solar energy projects.

Advances in technology and economies of scale have led to significant reductions in the cost of solar panels over the years. This has made solar energy more economically viable and competitive with traditional energy sources in many regions. Solar energy provides a decentralized and distributed source of power, reducing dependence on centralized energy grids and fossil fuel imports. This enhances energy security and resilience, especially in regions with limited access to traditional energy sources.

The global population is growing, and so is the demand for electricity. Solar energy offers a scalable solution to meet this rising energy demand, especially in developing countries where expanding traditional energy infrastructure might be challenging. Continuous innovation and advancements in solar technology have led to improvements in solar cell efficiency, durability, and overall performance. These advancements have boosted the confidence of investors and consumers in solar energy systems.

Many businesses are adopting sustainability goals and commitments to reduce their carbon footprint. Incorporating solar energy into their operations aligns with these goals and helps companies demonstrate their commitment to environmental stewardship. Rapid urbanization is increasing the demand for electricity in urban areas. Solar energy can be integrated into buildings and urban infrastructure, contributing to the energy needs of cities. Grid parity, where solar energy becomes cost-competitive with conventional sources, is being achieved in more regions, further driving adoption.

The growing interest in renewable energy projects has attracted investment from both public and private sectors. This funding supports research and development, manufacturing, and deployment of solar technologies.

Access full report @ https://www.marketresearchfuture.com/reports/solar-encapsulation-market-10421

Segment Analysis

The global solar encapsulation market has been segmented based on technology, material, end-use, and region.

The global solar encapsulation market segmentation, based on technology has been segmented thin film solar and polycrystalline silicon solar. Among these, polycrystalline silicon solar is projected to dominate the global solar encapsulation market revenue through the projected period as estimated by MRFR analysts.

Polysilicon solar panels are generally less expensive to manufacture compared to their monocrystalline counterparts. This cost-effectiveness has made solar energy more affordable and accessible, driving increased adoption and demand for solar panels. As the demand for polysilicon panels increases, so does the demand for quality encapsulation materials to ensure their durability and performance over time. Polysilicon solar technology allows for efficient mass production of solar panels. This scalability aligns well with the growing demand for solar energy as a mainstream power source, creating a larger market for encapsulation materials and technologies.

The global solar encapsulation market segmentation, based on material has been segmented as ethylene vinyl acetate, ionomers, polydimethylsiloxane, polyvinyl butyral, thermoplastic polyurethane, and polyolefin. Among these, ethylene vinyl acetate is projected to dominate the global solar encapsulation market revenue through the projected period as estimated by MRFR analysts.

EVA is a transparent and flexible polymer that offers excellent adhesion to various materials, including glass and solar cells. It provides effective encapsulation by creating a protective layer that shields solar cells from environmental factors such as moisture, dust, and UV radiation. This protection helps maintain the efficiency and longevity of solar panels. EVA material has inherent UV resistance, which is crucial for solar panels exposed to sunlight. It helps prevent yellowing and degradation of the encapsulation layer, ensuring that the panel's performance remains stable over time and under various weather conditions.

The global solar encapsulation market segmentation, based on end-use has been segmented as automotive, electronics, construction, and others. Among these, construction is projected to dominate the global solar encapsulation market revenue through the projected period as estimated by MRFR analysts.

BIPV involves incorporating solar panels directly into building materials such as roofs, facades, and windows. This seamless integration of solar energy generation into the building's design and structure is gaining popularity in the construction industry. BIPV solutions require effective encapsulation materials to ensure both energy generation and building performance, driving the demand for solar encapsulation. The construction industry is increasingly focusing on energy-efficient and sustainable building practices. Solar energy systems, including photovoltaic panels, are seen as a way to reduce a building's carbon footprint and energy consumption. Proper encapsulation ensures the longevity and efficiency of these systems, contributing to the overall sustainability of the building.

Regional Analysis

By Region, the study segments the Solar encapsulation market into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The APAC region, including countries such as China, India, Japan, South Korea, and Southeast Asian nations, has experienced significant economic growth over the past decades. The APAC region is home to some of the world's fastest-growing economies and urban centers. As economies expand and urbanization continues, there is an increasing demand for energy to power industries, businesses, and households. Solar energy offers a sustainable solution to meet this growing energy demand.

Many countries in the APAC region have implemented supportive policies, incentives, and regulatory frameworks to promote renewable energy adoption, including solar power. These initiatives can include feed-in tariffs, subsidies, tax incentives, and renewable energy targets, which create a favorable environment for solar energy projects. The APAC region, including countries like China, India, Australia, and Southeast Asian nations, often experiences high levels of solar irradiance due to its geographical location. This abundant sunlight makes solar energy generation highly viable and attractive.

Key Findings of the Study

• The global solar encapsulation market is expected to reach USD 6,451.7 million by 2030, at a CAGR of 14.6% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on technology, the polycrystalline silicon solar segment was attributed to holding the largest market in 2022.


• Based on material, the ethylene vinyl acetate segment was attributed to holding the largest market in 2022.


• Based on end-use, the construction segment was attributed to holding the largest market in 2022.


• 3M (U.S.), Dow Inc. (U.S.), DuPont (U.S.), Arkema (France), Specialized Technology Resources (U.S), RenewSys (India), Solutia (U.S.), Mitsui Chemicals (Japan), Hangzhou First Applied Material (China), Borealis (Netherland), Kuraray (Austria), Hanwha (Japan), Targray (South Korea), and dnpSolar (Canada) are the key market players.